other material
confidence high
sentiment positive
materiality 0.80
Deep Isolation selected for DOE ARPA-E SCALEUP award up to $40M for nuclear waste disposal pilot
Deep Isolation Nuclear, Inc.
- Selected for ARPA-E SCALEUP Ready program; award negotiations for up to $40M total across two projects, includes Deep Isolation's project.
- Project enables full-scale field testing of Universal Canister System and deep borehole disposal via nonradioactive pilot in Cameron, Texas.
- Partners: Westinghouse (launch customer), Halliburton (HAL), NAC International, Occlusion, Amentum (AMTM); Westinghouse to seek NRC certification for eVinci spent fuel.
- CEO Rod Baltzer calls selection the 'single biggest milestone in Deep Isolation's history.'
- Award not guaranteed; DOE may cancel negotiations; funding would be cost-plus if contract is finalized.